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jan 1, 1945 - McCarran-Ferguson Act (MFA)

Description:

Returned regulation back to states (since Congress determined that this was in the best interest of the public).

MFA deemed that Sherman,FTC,Clayton,Robinson-Patman only applied if states were NOT regulating (note that this is not an exception)

Federal regulations CANNOT supersede state regulations already in place, with 3 exceptions:
Federal laws still apply to:
1) Antitrust activity (specifically boycott,coercion,intimidation)
2) Laws applying exclusively to insurance (vs. in general)
3) Labor laws

Added to timeline:

3 months ago
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Exam 6 - History of Insurance

Date:

jan 1, 1945
Now
~ 74 years ago
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